Peru’s Superintendency of Banking, Insurance and Private Pension Fund Administrators (SBS), has issued a warning against several MLM companies operating illegally in the country.

Of the ten companies on
SBS’ December 14th list
, BehindMLM is familiar with four;

Omega Pro

AirBit Club

IM Mastery Academy

Crowd1

The SBS advises that as per Article 11 of Law No. 26702, General Law of the Financial System and the Insurance System and Organic Law of the Superintendency of Banking and Insurance, the above companies are required to be registered with the regulator.

The SBS indicates that the business schemes are not authorized by the SBS to attract money from the public.

Omega Pro
is a Ponzi scheme offering a 200% ROI in 16 months.

AirBit Club
was a bitcoin Ponzi scheme. US authorities
arrested the company’s owners
in August.

IM Mastery Academy
is a reboot of iMarketsLive. The company changed its name after the
CFTC fined iMarketsLive $150,000
for operating illegally.

Through the use of passive returns algorithms, IM Mastery Academy continues to commit securities fraud.

Crowd1 is a notorious Ponzi scheme run by Swedish citizen Jonas Werner from Spain.

Against a backdrop of increasing regulatory heat, a few days ago it was announced former CEO Johan Stael von Holstein had
abandoned Crowd1’s investors
.

To date Crowd1 has received regulatory attention in
New Zealand
, 
Mauritius
, 
South Africa
, 
the Philippines
,
Norway
,
Namibia
, 
Paraguay
, 
Gabon
, 
Vietnam
, 
Cote d’Ivoire
, 
Slovakia
,
Hungary
and the
Czech Republic
.

Authorities in Sweden and Spain are yet to take any action against Crowd1 or its executives.

🤖 Quick Answer

What is the SBS warning regarding Crowd1, Omega Pro, and IM Mastery Academy in Peru?
Peru's Superintendency of Banking, Insurance and Private Pension Fund Administrators issued a December 14th warning against ten MLM companies operating illegally. Crowd1, Omega Pro, IM Mastery Academy, and AirBit Club were identified as unauthorized to attract public funds, violating Article 11 of Law No. 26702 on financial system regulations.

What type of scheme is Omega Pro according to the SBS warning?
Omega Pro operates as a Ponzi scheme, promising investors a 200% return on investment within a sixteen-month period. This structure violates Peruvian financial regulations, as the company lacks SBS authorization for soliciting public capital.

Why were these companies included in the SBS regulatory list?
These MLM companies

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